Greater Saskatoon Catholic
Schools Foundation Inc.
420 - 22nd Street East
Saskatoon, SK
CANADA S7K 1X3
Phone : 306-659-7003
Fax : 306-659-2013
catholicschoolsfoundation@gscs.sk.ca

Executive Director:
Robin Mitchell
Office Administrator:
Janice Nepjuk

Welcome to our site!

Real Estate and RRSPs/RRIFs

Real Estate and Farmland

Real estate is often overlooked as a charitable gift, yet land or buildings, whether commercial or private, are excellent charitable gifts.

The Greater Saskatoon Catholic Schools Foundation Inc. can and does accept gifts of real estate. Potential donors should contact the Foundation in the early stages of donating. Real estate gifts are frequently large and potentially very beneficial. They are carefully screened and accepted after investigating any possible problems. One such gift is currently used as an Environment Centre where students learn to be stewards of the earth. A charitable receipt can be issued when the Foundation has determined the current value of the donated property. For large gifts, two or more appraisals may be warranted.

Unless property is usable by the Foundation, it would be sold and the proceeds used for purposes designated by the donor. Ordinarily, the Foundation would not retain real estate for investment purposes, since it does not have the resources to manage the property.

If the gift is the donor's principal residence, any capital gain is not taxed. For other real estate, the donor may limit or eliminate the tax on the capital gain by electing a value for the property for any amount between its fair market value and cost base. A charitable receipt will be issued for the elected value.

RRSPs/RRIFs

Leaving RRSP or RRIF accumulations to the Greater Saskatoon Catholic Schools Foundation Inc. through a bequest can be a tax effective method of making a signifcant donation.

To donate RRSPs and RRIFs, the donor should provide in their Will for the same amount to be bequeathed to the Saskatoon Catholic Schools Foundation Inc. In this way, the tax payable on the RRSP/RRIF will be, at least partially, offset by the benefits of the charitable receipt from the Foundation. This donation will also reduce the estate's tax payable, thereby allowing the donor to make a bequest to the Greater Saskatoon Catholic Schools Foundation while not decreasing the amount available for other beneficiaries.

Foundation Initiatives include:

Christian values and lifestyle.
Student leadership, social justice and stewardship
Curriculum development, research Catholic School Environment
Positive cross-cultural relationships
Programs on The Byzantine Rite
Youth and liturgy project.
FAST program
Scholarships
High school infant care centers
Special needs
"Who is this Jesus Man?"
CD/Musical Package